Boston’s CWCapital LLC (CW), a subsidiary of CW Financial Services, and a national lender to the multifamily and seniors housing real estate industries, has closed $1.8 billion in loans in the first seven months of the year through its agency lending platform.

With another $1 billion of loans in the pipeline scheduled to close by Sept. 30, the firm is on track to exceed its goal of closing more than $3 billion in loans for 2011, according to a statement.

CW increased its loan origination platform by approximately 13 professionals in 2010 and is in the process of adding 20 more professionals in 2011. Recent hires include Steven Heller, a 20-year veteran who has recently opened a new production office in central New Jersey, serving the New York, New Jersey, Pennsylvania and Connecticut markets.

"New hires have allowed CW to broaden its geographic reach, as well as bring new clients and ideas to the firm," said Don King, national program director for CW’s Fannie Mae and Freddie Mac lending platforms. "As our lending team has grown, our depth and breadth and our approach to borrower service has taken us to the next level. Bringing in new talent, experiences and thoughts on how to be the best in the business has helped our entire lending platform to execute more effectively for all of our customers."

"We have had a tremendous start to the year. It is all about our great customer base. While we continue to deliver our core products from Fannie Mae, Freddie Mac and FHA, we are also very pleased to be able to offer our clients a vastly expanded menu of products and services including gap equity, life company, conduit and bridge loan products," said Michael Berman, president and CEO of CWCapital. "Our ability to deliver these products and services speaks to the strength of our company. As liquidity increases, we will continue to offer the most competitive solutions to our customers’ needs. We expect to further enhance our team throughout the year, and we look forward to another record year in 2011."